Ethereum Surges Past Three-Month High Against Bitcoin

The Ethereum price has reached a three-month high against Bitcoin, settling at 0.0289 and continuing to climb beyond the descending resistance line on the chart.

This breakout suggests that capital is rotating into Ethereum before spilling into the broader altcoin market, often giving altcoins room to outperform.

Analysts are largely bullish, with short-term targets near $2,464 and longer-term calls stretching as high as $12,000 to $17,000 if support holds.

The total crypto market capitalization has absorbed roughly $57.39 billion in inflows since the low on July 24th, which has helped power Ethereum's recent outperformance.